Series C Liquidation Amount means the amount due to the Series C Holders upon a Liquidation of the Company pursuant to the Series C Certificate of Designations.
Series C Liquidation Amount means an amount in cash or property (valued at its Fair Market Value), or a combination thereof, equal to $8.25 per share of Series C Stock held by a Holder (which per share amount shall be subject to equitable adjustment whenever there shall occur a stock split, combination, reclassification or other similar event involving the Series C Stock) plus all Series C Accrued Dividends.
Series C Liquidation Amount means an amount equal to the greater of (i) the sum of the Series C Invested Amount, plus the Series C Pre-Closing Accrued Amount, plus the Series C Accruing Distribution accrued through the date of such Liquidation Event but unpaid thereon, whether or not declared or (ii) such amount per share as would have been payable had each such share been converted into Common Units pursuant to Section 2.10(a)(i) immediately prior to such Liquidation Event.
Examples of Series C Liquidation Amount in a sentence
In the event of any liquidation, dissolution or winding up of the Company or a sale of the Company, the Series C Preferred shall be entitled to receive, prior and in preference to any distribution of any assets of the Company to the common stock or other junior capital stock, an amount equal to the Series C Issue Price, plus an amount equal to all accrued but unpaid Preferential Dividends, Conversion Cap Excess Dividends and any other accrued but unpaid dividends (Series C Liquidation Amount).
After the payment in full of all Series C Liquidation Amount, the remaining assets of the Corporation available for distribution to its stockholders or, in the case of a Deemed Liquidation Event, the consideration not payable to the holders of shares ofSeries C Preferred Stock pursuant to the paragraph above shall be distributed among the holders of shares of Common Stock, pro rata based on the number of shares held by each such holder.
More Definitions of Series C Liquidation Amount
Series C Liquidation Amount means, with respect to each share of Series C Preferred Stock, an amount equal to $100 plus an amount equal to the accrued and unpaid dividends and distributions on such share of Series C Preferred Stock, whether or not declared, to the date of payment, including for any partial monthly period, calculated in accordance with the Company Certificate.
Series C Liquidation Amount means $1,000 per share of Series C Preferred Stock.
Series C Liquidation Amount means the greater of (a) the aggregate Series C Liquidation Preference plus the aggregate Series C Redemption Premium or (b) an amount per Series C Preferred Unit equal to the amount which would have been payable to a Series C Preferred Unit holder had each Series C Preferred Unit been converted into OP Units immediately prior to such Liquidation. “Series C Liquidation Preference” means fifteen dollars and sixty-seven cents ($15.67) per Series C Preferred Unit. “Series C Parity Units” means the Series D Preferred Units, Series F Preferred Units and any class or series of Partnership Units hereafter issued and outstanding, whether or not the distribution rates thereof shall be different from those of the Series C Preferred Units, if the holders of such class or series and the Series C Preferred Units shall be entitled to (i) the receipt of distributions in proportion to their respective amounts of accrued and unpaid distributions per unit and (ii) amounts distributable upon Liquidation in proportion to their respective liquidation preferences, in each case without preference or priority one over the other. “Series C Preferred Return” means, for each Series C Preferred Unit, a cumulative, non-compounded rate per annum equal to 5.81% of the Series C Liquidation Preference; provided, that the amount payable for any Series C Distribution Period shall be computed by dividing the Series C Preferred Return by twelve, and the amount of distributions payable for any period shorter or longer than a full Series C Distribution Period shall be computed on the basis of twelve 30-day months and a 360-day year. “Series C Preferred Stock” means the Series C Convertible Preferred Stock, par value $.01 per share, of the General Partner. “Series C Preferred Unit” means a Partnership Unit which is designated by the General Partner as a Series C Preferred Unit of the Partnership. “Series C Redemption Date” has the meaning set forth in Section 14.05. “Series C Redemption Premium” equals twenty percent (20%) of the Series C Liquidation Preference. “Series C Senior Units” means any class or series of Partnership Units hereafter issued and outstanding, if the holders of such class or series shall be entitled to the receipt of
Series C Liquidation Amount means the “Series C Original Issue Price,” as set forth in Section 2.2 of Article IV, Section B of the Company Certificate of Incorporation, as calculated on a per share basis as of immediately prior to the Effective Time and as set forth on the Closing Payment Certificate.
Series C Liquidation Amount the product of (x) the number of issued and outstanding shares of Series C Preferred Stock at Closing and (y) $0.210619, plus any accrued or declared but unpaid dividends on such outstanding shares of Series C Preferred Stock.
Series C Liquidation Amount has the meaning set forth in the Certificate of Incorporation of the Company as in effect on the date hereof.
Series C Liquidation Amount means the per share amount that is due to the holders of the Series C Preferred Stock, in preference to the distribution of the residual assets of the Company in the event of a merger under the Company's Articles of Incorporation as they exist immediately prior to the Effective Time.